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Oil rises on looming Iran sanctions, but U.S.-China trade war caps gains

Oil prices rose on Monday as markets were expected to tighten once U.S. sanctions against Iran's crude exports are implemented next month.

Front-month Brent crude oil futures (LCOc1) were at $79.96 a barrel at 0414 GMT, 18 cents above their last close.

U.S. West Texas Intermediate (WTI) crude futures (CLc1) were at $69.32 a barrel, 20 cents above their last settlement.

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